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Taxman s Data War- Business News

Taxman s Data War- Business News
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The Team Behind Union Budget 2021-22

The team behind Union Budget 2021-22 We profile Finance Minister Nirmala Sitharaman and her budget-making team January 06, 2021 / 06:09 PM IST In less than a month, the Narendra Modi government will present perhaps its most important budget, a make-or-break budget so to speak, as the Indian economy recovers from an unprecedented global pandemic. Like the rest of the world, Covid-19 flatlined the economy, with the first quarter witnessing the steepest contraction in independent India’s history. For the full year 2020-21, GDP is likely to witness the first contraction in four decades. It is in this backdrop that the budget will be presented, Finance Minister Nirmala Sitharaman and her team will navigate often competing, multiple demands from various sectors, citizens, and stakeholders to provide a balm or a boost in these Covid times.

Budget 2021 | FSDC deliberates on measures to accelerate growth momentum

Budget 2021 | FSDC deliberates on measures to accelerate growth momentum Updated: Updated: Share Article AAA Union Finance Minister Nirmala Sitharaman during a pre-budget meeting with finance and capital market sector expers, at North Block in New Delhi on December 15, 2020.   | Photo Credit: PTI The high-level FSDC headed by Finance Minister Nirmala Sitharaman on December 15 discussed the additional measures that could be taken by the government in the next Budget to accelerate growth while maintaining financial stability. The meeting, which was also virtually attended by Minister of State for Finance and Corporate Affairs Anurag Singh Thakur, noted that there is a need to keep a continuous vigil by the government and all regulators on the financial conditions that could expose financial vulnerabilities in the medium and long-term.

High-level FSDC deliberates on measures to accelerate growth momentum

The high-level FSDC headed by Finance Minister Nirmala Sitharaman on Tuesday discussed the additional measures that could be taken by the government in the next Budget to accelerate growth while maintaining financial stability. The meeting, which was also virtually attended by Minister of State for Finance and Corporate Affairs Anurag Singh Thakur, noted that there is a need to keep a continuous vigil by the government and all regulators on the financial conditions that could expose financial vulnerabilities in the medium and long-term. The 23rd meeting of the Financial Stability and Development Council (FSDC) noted with comfort that the policy measures taken by the government and the financial sector regulatory authorities have ensured faster economic recovery, as reflected in the reduced contraction of GDP in Q2 of 2020-21.

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